Brazos Student Loan Refinancing Review
Brazos Student Loan Refinancing
- 5, 7, 10, 15, and 20 year repayment terms
- No cosigner release available
- Late fees charged
- 0.25% interest rate reduction with autopay
- Aggregate loan limit of $150,000 for undergraduate and $400,000 for graduate
Available only for Texas residents, Brazos Student Loan Refinancing offers relatively low interest rates but has high credit and minimum income requirements. Refinancing student loans with Brazos is best for Texas residents with good credit and higher incomes.
Pros
- No origination, application, or prepayment fees
- 0.25% interest rate deduction with autopay
Cons
- Charges late fees
- Available only for Texas residents
- Does not offer cosigner release
How does this loan compare?
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| Rates from (APR) i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time. Interest rates listed include an autopay discount if available. |
Fixed:
3.99% - 6.65%
Variable:
5.25% - 6.50%
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Fixed:
3.99% - 9.74%
Variable:
5.74% - 9.74%
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Fixed:
3.99% - 9.99%
Variable:
5.99% - 9.99%
|
| Loan repayment terms (Years) | 5, 7, 10, 15, 20 years | 5, 10, 15, 20 years | 5, 7, 10, 15, 20 years |
| Cosigner release? | None | None | None |
Full Review
For well-qualified residents of Texas, Brazos Refinance Loans offer low fixed and variable interest rates. There is a 0.25% interest rate reduction available for borrowers enrolled in autopay. While there are no origination, application, or prepayment fees, Brazos does charge late fees. Borrowers have the option to customize their payment date to fit their schedule.
Repayment terms to refinance range from 5 to 20 years and there is no cosigner release available. Borrowers must be in reasonably good financial shape, as a minimum credit score of 720 and income of $60,000 are required to refinance. To refinance student loans with Brazos, the minimum loan size is $10,000, and the aggregate loan limits for undergraduate and graduate students are $150,000 and $400,000, respectively.
Brazos Education Lending Corporation - Private Student Loan Details
- Credit Check: Soft for Rate Check, Hard for Application
- Repayment Terms: 5, 7, 10, 15, 20 years
- Minimum Borrowing Limit: $10,000
- Yearly Borrowing Limit: Not specified by lender
- Application Fee: None
- Origination Fee: None
- Prepayment Penalty: None
- Late Fee: Yes
- Minimum Credit Score: 720
- Minimum Annual Income: $60,000
- Maximum Debt-to-Income Ratio: .40
- Citizenship Restriction: Citizens or Residents
- Minimum Enrollment Restriction: None
- Approved Schools Include: Title IV
- Immediate Principal and Interest Repayment: None
- Fixed Monthly Repayment: None
- Interest-Only Repayment: None
- Full Deferment: None
- Length of Grace Period: None
- Maximum Deferment Period: 36 months
- Maximum Forbearance Period: 12 months
- Cosigner Release Option: None
- Death Discharge: Yes
- Disability Discharge: Not specified by lender
- US-Based Call Center: Yes
- Hours of Operation (in addition to weekdays): No Evenings or Weekends
- Application Timeline: Not specified by lender
- Scholarship Search Tool: None
- Sponsors a Scholarship: Yes
- Job and Career Assistance: None
- Financial Literacy Training: Yes
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